From: Oostur Raza [oraza@fma.fujitsu.com]
Sent: Tuesday, March 30, 2004 1:05 PM
To: 'rule-comments@sec.gov'
Subject: S7-19-03
The core problem with respect to Directors stems from the current nomination
and election process for directors. The practice of nominating and recommending
slate of directors by the management prepares the grounds for favorable
reporting or hiding.
Most of these nominations come with the tacit agreement "you scratch my
back, I will (directly or indirectly) scratch yours".
I suggest that SEC should come up with a new nominating process. Something
which requires each candidate to get endorsement of outside stock holders in
addition to insiders.
Sincerely,
_____________________________________________
Oostur Raza
Vice President, U.S. Operation
Fujitsu Interconnect Technology
Ph: 408-737-5741 Fax: 408-737-5993
Cell: 408-981-8999
Email: oraza@fma.fujitsu.com
http://us.fujitsu.com/fict